Ooni Koda
  1. Home
  2. /
  3. Newsfeed
  4. /
  5. Regency Front invests 6 million euros in a...

Regency Front invests 6 million euros in a new furniture production line

January 18, 2024

Regency Front, one of the largest manufacturers of MDF fronts, has invested 6 million euros in a new line dedicated to painted doors, with last generation technology and equipment. Production capacity reaches 700 m2/exchange and also integrates, at the same time, the largest lacquer line in Romania and fully automated edge sanding or primer application machines. The final products are dedicated to both B2B customers and end consumers.   “The self-financing investment of 6 million euros allowed us to develop the most technological front production line in Romania. Thus, we manage to complete the range of products that makes available to our customers both laminated and painted MDF doors, according to their needs and preferences. Lately we saw a rising interest from our customers for interior design in general and furniture pieces in particular. We are constantly up to date with international trends and we are happy to offer Romanians a varied range of products, but also a vast palette of colors“, said Dani Shawu, CEO of Regency Front.   The company estimates that the new front line will be operating by the end of 2023 and will perfectly complete the already existing laminated MDF line.   At the same time, Regency Front aims for a turnover of 10 million euros by 2025, in a furniture market characterized on the one hand by rising inflation and increases in production costs, and on the other by increasingly high online sales.     The growth of digital commerce is also making its mark on the furniture industry. Although most of the orders continue to be generated by physical stores, there is an upward trend in online purchases, according to Regency network dealer data. At the same time, despite the current unstable economic context, investments in furniture pieces continue to be high. In addition, according to the company, the market is much more mature and consumers know exactly what they want.   “The local market is evolving in terms of consumer behavior – the proposals no longer come exclusively from the furniture producer to customer, but also vice versa. Whether they just want to change the doors of an existing piece of furniture or they need the furniture from scratch, customers show a high involvement in choosing the models and decors they want, especially since the possibilities of choice have increased. Today, there is a wider range of varied models and types of different textures: plain, structured-striated, high gloss, super matte, texture or wood decors. In addition, through the new Bespoke collection we offer customers a series of new models on the Romanian market, but also the possibility for them to put their personal mark, by coming with sketches of the models they want”, explains Alina Enache , Regency Front Marketing Manager.   90% of the company’s customers are furniture manufacturers, large or small. Regency Front products are also recommended by interior architects or designers to end customers for projects from scratch or just for changing furniture doors. Launched in 2018, as part of the Regency Company group, the company had a turnover of approximately 6.4 million ron in 2022.   This year, the company also went through a rebranding process, determined by its recent dynamic evolution, and together with one of the legends of Romanian football, Adrian Mutu, launched its new product catalogue.    

Read in full - click here
Political and fiscal normalization in Romania delayed by president's resistance to VAT rate hike

Romania's efforts to stabilize its fiscal position and finalize a new ruling coalition have been delayed after president Nicușor Dan rejected a proposed VAT rate increase central to a budgetary corrective package agreed by the four pro-Western parties,

Possible bronze-age sword found in eastern Romania during house search

A sword that may date back to the Bronze Age, roughly 3,500 years ago, was found following searches carried out in a case of aggravated theft, in the commune of Corbasca, Bacău County. The searches targeted the home of a 61-year-old man suspected of illegally possessing a cultural asset likely to be part of the […]

Romania’s construction output down 0.5% y/y in April after buoyant Q1

The construction works volume in Romania decreased by 0.5% y/y in gross terms and by 2.8% in workday and seasonal adjusted terms in April, after it boasted a robust 10.6% y/y advance in Q1 (largely on low base effects), according to data published by the statistics office. By type of construction, engineering works—representing approximately 45% […]

Romania's CFA economic confidence index recovers after presidential elections  

Romania's economic sentiment rebounded sharply in May following the presidential election victory of pro-Western candidate Nicușor Dan, according to data published by the CFA Romania Society on June 19. The recovery comes after a significant decline in April amid fears of a potential win by isolationist candidate George Simion. After the recovery in May, the […]

Salt Bank Appoints Vikram Tikoo as Chief Technology Officer

Salt Bank has appointed Vikram Tikoo as its new Chief Technology Officer, marking a significant step forward in the company's pursuit of its digital banking vision. The appointment will take effect once approved by the National Bank of Romania. Vikram has extensive international experience delivering technology solutions on a global scale. He will help enhance […]

Romania’s April net wages herald end of high-growth period

Romania’s average net wage, which has posted annual growth rates for nearly two years, advanced by only 3.5% y/y in CFI deflated terms - the lowest growth rate since April 2023, according to data published by the statistics office INS. In nominal terms, the annual advance was 9.9% – the second-lowest growth rate since 2021.  […]